The Fed says that U.S. manufacturing fell slightly last month, largely owing to a near 9% plunge in the automotive sector, while another report saw the biggest month-to-month drop in retail sales since 2009.
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According to long-term projections released yesterday by the USDA, America’s soybean exports to China won’t reach their pre-trade war peak levels for a decade as rival producers gain market share.
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Faced with a fierce backlash from local politicians, unions and community activists, Amazon announced Thursday that it was cancelling its controversial plan to build a portion of its HQ2 project in New York.
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International flows of trade, capital, data and people all intensified significantly for the first time since 2007, but “the world is still less connected than most people think it is,” says an author of the report.
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Looking to ease the flow of cargo, CN Rail has signed a deal with the federal government and the local port authority to double-track part of the busy rail corridor to Vancouver’s import/export terminals.
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The U.S. trucking industry experienced almost 1.2 billion hours of delay in 2016 because of traffic congestion on the nation’s highways at an estimated cost of $75 billion, according to a new report.
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